SKF, the world’s largest maker of ball bearings, and Schaeffler were among five suppliers that agreed to pay a combined 953.3 million euros ($1.3 billion) to settle a European Union probe into an automotive-parts cartel.
Daily Archives: March 20, 2014
Will Tesla Forfeit Its Direct Sales Model?
How essential to Tesla’s future is the company’s direct-sales model? The answer, say auto industry observers, is likely to determine how the electric car maker’s wrestling match with established auto dealers plays out.
2007- 08 Mini Cooper S recall
There are many recalls in the auto industry. Most make sense, some don’t! This is one that doesn’t.
2014 Budget Surprises
Fuel benefit charges to increase
Charges for fuel provided by employers for private journeys have increased in the 2014 Budget, as well as the benefit charge for private ruse of light commercial vehicles.
GM preps more fuel efficient engine family for small cars
General Motors is creating a family of more fuel efficient small engines that it says will be quieter and more refined than those found in some rival models. The suite of engines will consist of 11 powerplants ranging from a 1.0-liter turbocharged three-cylinder to a 1.5-liter turbocharged inline-four, the company said today.
